Alagappa University 2007 M.Com Insurance Management ECONOMICS OF INSURANCE - Question Paper

DISTANCE EDUCATION
M.Com. DEGREE EXAMINATION, DECEMBER 2007.
Insurance Management
ECONOMICS OF INSURANCE
(Upto 2006 batch)
Time : 3 hours Maximum : 100 marks

part A — (5 ´ eight = 40 marks)
ans any 5 ques..

State whether economics is ‘Science or Arts’.
What is legal regulations of demand? How is it applied to insurance product?
What is ‘monopoly’? elaborate its features?
describe ‘premium’. How is premium classified?
What is valuation? elaborate the rules regarding valuation?
Enlist the conditions putforth by the Reserve Bank of India for participation of banking companies in the insurance sector.
What is risk? How are risk classified?
Write any 8 contributions of insurance to the welfare of public.

part B — (4 ´ 15 = 60 marks)
ans any 4 ques..

explain the contribution of ‘‘information technology to insurance sector”.
explain the different approaches to the study of Economics.
explain the factors that determine the need for insurance products.
How are ‘premiums’ fixed for various varieties of product policies?
describe port-folio management. elaborate its uses?
‘Examine the role of private sector in insurance’.
How are business organisation/prospective policy holders classified for supply of insurance products? Why?
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Earning:   Approval pending.